| Note that these indices are experimental; the absolute and relative daily values are expected to change in the final version. In this version, index values are based at 1,000.0 on 2006-6-30 |
| Index |
Mean Current Yield (at bid) |
Mean YTW |
Mean Average Trading Value |
Mean Mod Dur (YTW) |
Issues |
Day’s Perf. |
Index Value |
| Ratchet |
5.34% |
5.43% |
35,578 |
15.00 |
2 |
+0.8195% |
962.7 |
| Fixed-Floater |
5.60% |
5.54% |
140,345 |
14.94 |
7 |
-0.2495% |
896.4 |
| Floater |
4.81% |
2.57% |
85,715 |
5.94 |
3 |
-0.4453% |
1,046.2 |
| Op. Retract |
4.80% |
3.85% |
83,051 |
3.20 |
17 |
+0.0792% |
1,023.5 |
| Split-Share |
5.03% |
4.57% |
185,233 |
4.04 |
15 |
+0.0245% |
1,040.8 |
| Interest Bearing |
6.61% |
6.65% |
84,890 |
3.53 |
4 |
-0.2175% |
1,042.8 |
| Perpetual-Premium |
5.36% |
5.00% |
134,434 |
7.35 |
34 |
-0.0989% |
1,026.0 |
| Perpetual-Discount |
4.95% |
4.98% |
563,217 |
15.54 |
29 |
-0.8799% |
984.6 |
| Major Price Changes |
| Issue |
Index |
Change |
Notes |
| ELF.PR.G |
PerpetualDiscount |
-2.9272% |
Also led the charts (downward) on June 1! New low today of 22.55. Now with a pre-tax bid-YTW of 5.34% based on a bid of 22.55 and a limitMaturity. |
| BCE.PR.G |
FixFloat |
-2.5641% |
Exchange/Reset date is 2011-5-1 (exchanges with BCE.PR.H); until then, pays 4.35% of par. New low today of 20.06. Closed at 19.76-34, 5×3; the Hs closed at 22.99-00, 5×10. |
| GWO.PR.I |
PerpetualDiscount |
-2.3684% |
New low today of 22.51. Now with a pre-tax bid-YTW of 5.06% based on a bid of 22.26 and a limitMaturity. |
| RY.PR.F |
PerpetualDiscount |
-2.1397% |
New low today of 22.27. Now with a pre-tax bid-YTW of 5.06% based on a bid of 22.41 and a limitMaturity. |
| SLF.PR.E |
PerpetualDiscount |
-2.0131% |
New low today of 22.40. Now with a pre-tax bid-YTW of 5.03% based on a bid of 22.39 and a limitMaturity. |
| PWF.PR.K |
PerpetualDiscount |
-1.9262% |
New low today of 23.85. Now with a pre-tax bid-YTW of 5.23% (!) based on a bid of 23.93 and a limitMaturity. |
| RY.PR.D |
PerpetualDiscount |
-1.6415% |
Now with a pre-tax bid-YTW of 4.97% based on a bid of 22.77 and a limitMaturity. |
| AL.PR.E |
Floater |
-1.5742% |
Still Under Review – Developing by DBRS. |
| RY.PR.E |
PerpetualDiscount |
-1.4687% |
New low today of 22.81. Now with a pre-tax bid-YTW of 4.96% based on a bid of 22.81 and a limitMaturity. |
| CL.PR.B |
PerpetualPremium |
-1.4587% |
New low today of 25.71. Pays $1.5625 and is currently callable at $26.00 … but GWO is still on hold. Now with a pre-tax bid-YTW of 5.34% based on a bid of 25.67 and a call 2011-1-30 at 25.00. |
| BNS.PR.L |
PerpetualDiscount |
-1.3191% |
New low today of 22.90. Now with a pre-tax bid-YTW of 4.90% based on a bid of 23.19 and a limitMaturity. |
| RY.PR.G |
PerpetualDiscount |
-1.2987% |
New low today of 22.81. Now with a pre-tax bid-YTW of 4.99% based on a bid of 22.80 and a limitMaturity. |
| BAM.PR.M |
PerpetualDiscount |
-1.2609% |
New low today of 22.52. Now with a pre-tax bid-YTW of 5.32% based on a bid of 22.71 and a limitMaturity. |
| BAM.PR.G |
FixFloat |
-1.2579% |
Exchange/Reset date is 2011-10-31 (Exchanges with BAM.PR.E); until then, pays 4.35% of par. Closed at 23.55-85, 18×5; the Es closed at 24.85-05, 13×12. |
| SLF.PR.A |
PerpetualDiscount |
-1.2245% |
Now with a pre-tax bid-YTW of 4.90% based on a bid of 24.20 and a limitMaturity. |
| CM.PR.H |
PerpetualDiscount |
-1.2092% |
New low today of 24.50. Now with a pre-tax bid-YTW of 4.95% based on a bid of 24.51 and a limitMaturity. |
| RY.PR.C |
PerpetualDiscount |
-1.1345% |
New low today of 23.50. Now with a pre-tax bid-YTW of 4.92% based on a bid of 23.53 and a limitMaturity. |
| SLF.PR.D |
PerpetualDiscount |
-1.0714% |
New low today of 22.06. Now with a pre-tax bid-YTW of 5.02% based on a bid of 22.16 and a limitMaturity. |
| BCE.PR.H |
FixFloat |
+1.0549% |
Exchange/Reset Date is 2011-5-1 (Exchanges with BCE.PR.G, which currently pays 4.35% of Par). The Gs did so poorly today they are mentioned above … and the Hs are up. I love the pref market! |
| Volume Highlights |
| Issue |
Index |
Volume |
Notes |
| CM.PR.I |
PerpetualDiscount |
109,213 |
Now with a pre-tax bid-YTW of 4.92% based on a bid of 24.14 and a limitMaturity. |
| MFC.PR.C |
PerpetualDiscount |
92,375 |
Now with a pre-tax bid-YTW of 4.74% based on a bid of 23.76 and a limitMaturity. |
| GWO.PR.I |
PerpetualDiscount |
76,968 |
New low today of 22.51. GWO’s capital market plans are still on hold. Now with a pre-tax bid-YTW of 5.06% based on a bid of 22.26 and a limitMaturity. |
| BNS.PR.K |
PerpetualDiscount |
56,720 |
RBC crossed 50,000 at 24.90. Now with a pre-tax bid-YTW of 4.88% based on a bid of 24.82 and a limitMaturity. |
| PWF.PR.L |
PerpetualPremium |
35,300 |
Nesbitt crossed 10,000 at 24.95. New low today of 24.89. Now with a pre-tax bid-YTW of 5.13% based on a bid of 25.10 and a limitMaturity. |
There were thirty-two other $25-equivalent index-included issues trading over 10,000 shares today.
This entry was posted on Monday, June 4th, 2007 at 11:55 pm and is filed under Market Action. You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
[…] Leads the list (downwards) for the third straight day. It seems rather odd … I don’t see any news, rating agency pronouncements or common-stock price-movement that would explain it. New low of 21.51 today. Now with a pre-tax bid-YTW of 5.52% (!) based on a bid of 21.85 and a limitMaturity. […]